HubSpot, Inc. (NYSE:HUBS) Shares Sold by Kraematon Investment Advisors Inc.

Kraematon Investment Advisors Inc. cut its holdings in shares of HubSpot, Inc. (NYSE:HUBS) by 3.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,385 shares of the software maker’s stock after selling 54 shares during the period. Kraematon Investment Advisors Inc.’s holdings in HubSpot were worth $965,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Bouvel Investment Partners LLC grew its position in HubSpot by 2.0% during the 4th quarter. Bouvel Investment Partners LLC now owns 1,807 shares of the software maker’s stock worth $1,259,000 after purchasing an additional 36 shares during the last quarter. Retireful LLC acquired a new stake in shares of HubSpot during the fourth quarter worth about $1,470,000. Park Avenue Securities LLC boosted its stake in shares of HubSpot by 27.3% during the fourth quarter. Park Avenue Securities LLC now owns 1,811 shares of the software maker’s stock worth $1,262,000 after buying an additional 388 shares during the period. Miracle Mile Advisors LLC purchased a new position in shares of HubSpot during the fourth quarter worth about $214,000. Finally, Pallas Capital Advisors LLC raised its stake in HubSpot by 1.9% during the 4th quarter. Pallas Capital Advisors LLC now owns 1,146 shares of the software maker’s stock valued at $798,000 after acquiring an additional 21 shares during the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

HUBS has been the topic of several analyst reports. Oppenheimer lifted their target price on HubSpot from $625.00 to $740.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. BMO Capital Markets raised their target price on shares of HubSpot from $570.00 to $690.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Piper Sandler lowered shares of HubSpot from an “overweight” rating to a “neutral” rating and boosted their price target for the stock from $570.00 to $640.00 in a research note on Thursday, November 7th. Barclays increased their price target on shares of HubSpot from $500.00 to $650.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th. Finally, UBS Group raised HubSpot from a “hold” rating to a “strong-buy” rating in a report on Monday, December 16th. Four analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $719.30.

HubSpot Stock Performance

NYSE:HUBS opened at $718.34 on Friday. The firm has a 50-day moving average price of $711.05 and a two-hundred day moving average price of $584.33. HubSpot, Inc. has a twelve month low of $434.84 and a twelve month high of $762.47.

HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.27. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The company had revenue of $669.72 million for the quarter, compared to analyst estimates of $646.97 million. During the same quarter in the prior year, the company posted ($0.04) EPS. The business’s revenue for the quarter was up 20.1% compared to the same quarter last year. On average, equities analysts anticipate that HubSpot, Inc. will post 0.42 earnings per share for the current year.

Insider Buying and Selling

In other news, CTO Dharmesh Shah sold 25,000 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $739.89, for a total transaction of $18,497,250.00. Following the completion of the transaction, the chief technology officer now owns 1,272,077 shares of the company’s stock, valued at $941,197,051.53. This represents a 1.93 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Yamini Rangan sold 115 shares of the stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $713.79, for a total transaction of $82,085.85. Following the transaction, the chief executive officer now owns 61,179 shares in the company, valued at approximately $43,668,958.41. The trade was a 0.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 78,066 shares of company stock worth $54,900,427. 4.50% of the stock is owned by company insiders.

About HubSpot

HubSpot, Inc, together with its subsidiaries, provides a cloud-based customer relationship management (CRM) platform for businesses in the Americas, Europe, and the Asia Pacific. The company's CRM platform includes Marketing Hub, a toolset for marketing automation and email, social media, SEO, and reporting and analytics; Sales Hub offers email templates and tracking, conversations and live chat, meeting and call scheduling, lead and website visit alerts, lead scoring, sales automation, pipeline management, quoting, forecasting, and reporting; Service Hub, a service software designed to help businesses manage, respond, and connect with customers; and Content Management Systems Hub enables businesses to create new and edit existing web content.